The state of Vermont has been trying to get more people to move there for years — and, now, the state is offering $10,000 to those who actually do.

On Wednesday, Vermont’s governor, Phil Scott, signed a law that gives those who move to the state and work remotely $5,000 a year, and up to $10,000 total, in tax credits. The New Remote Worker Grant Program, which will begin on Jan. 1, is aimed particularly at tech and various startup workers who often do their jobs outside a regular office and can live anywhere.

“The first day of the session, we asked ourselves, what sets Vermont apart from the rest of rural states in the country in attracting this growing remote work force,” Michael Sirotkin, senator of Vermont’s most populous county, told The New York Times.

To get the money, workers need to have a full-time job for an out-of-state company, be able to complete the work while physically located in Vermont and become a full-time resident of the state by Jan. 1, 2019.

Over the past decade, more and more Americans have started working remotely — one survey found that 43 percent of Americans spent some time working outside of their company’s office in 2016.

Vermont, which often ranks highly on quality of life and good housing affordability but has an aging population, has frequently encouraged young people to move there.

Now, the state hopes that the money will provide additional incentive — the tax credit will be available on a first-come, first-served basis until the state hits its grant cap of $125,000 in 2019 and $250,000 in 2020.

Email Veronika Bondarenko

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×